 |
 |
Dear Colleagues, I wish to share with you the latest issue of UNCTAD's Investment Policy Monitor. Twenty two countries took 32 investment policy measures in the review period (November 2017 - February 2018). The share of investment restrictions and regulations increased to 29 percent. Compared to the annual figures in recent years, this records the highest ratio since 2010. Newly adopted restrictive investment policies include a tightening of investment screening procedures, measures to protect national security and the disapproval of some foreign takeovers. Other restrictions relate to local content requirements and preferences for local suppliers in public procurement procedures. At the same time, some countries improved entry conditions for foreign investment. Among the most noteworthy measures are liberalization steps in a couple of industries, the simplification of administrative procedures and new privatization. The reporting period also saw a significant corporate tax reform in one country. Regarding international investment treaties, the Monitor finds that two bilateral investment treaties and six treaties with investment provisions were signed, bringing the total number of international investment agreements (IIAs) to over 3320. In line with UNCTAD's Roadmap for IIA Reform, all new IIAs contain several reform features, giving particular attention to the preservation of the right to regulate by clarifying key protection standards and refining investor-State dispute provisions. Countries are also starting to move towards the second phase of IIA reform, modernizing the existing stock of old-generation treaties. Several negotiations for mega-regional agreements continue. Depending on how future mega-regional treaties will interact with overlapping pre-existing ones, this can help modernize today's stock of old-generation treaties. James X. Zhan Director, Investment and Enterprise Lead, World Investment Report http://worldinvestmentreport.unctad.org http://worldinvestmentforum.unctad.org http://investmentpolicyhub.unctad.org ____ AIB-L is brought to you by the Academy of International Business. For information: http://aib.msu.edu/community/aib-l.asp To post message: [log in to unmask] For assistance: [log in to unmask] AIB-L is a moderated list.